Freitag, 15. Januar 2016

Folge der historischen Rohstoff-Baisse: Minengigant Rio Tinto friert Bezahlungen für 2016 ein

Der zweitgrößte Minenkonzern der Welt sieht kein Ende der Mega-Baisse in 2016 und setzt aggressive Kostensparprogramme fort:

Rio Tinto freezes all pay for 2016 as commodities rout bites

Cecilia Jamasmie | January 14, 2016

Rio Tinto (LON, ASX:RIO), the world’s second largest miner, has put a freeze on salaries for all employees, in a fresh attempt to weather tough market conditions marked by a continuing slump in commodities prices.

Expenses for travel and money spent on temporary workers will also be under the spotlight.

Chief executive Sam Walsh told employees that expenses for travel and money spent on temporary workers will also be under the spotlight.

“Late last year, we saw market prices continue to rapidly fall. What we see ahead is very sobering,” Walsh wrote Tuesday in an e-mail obtained by Australian Mining to all Rio Tinto employees..

Wegen Ölpreis-Crash: BHP Billiton schreibt 7,2 Mrd. USD auf Fracking-Assets ab

Der brutale Absturz der Ölpreise führt dazu, dass auch der weltgrößte Minenkonzern massive Abschreibungen in seiner Energiesparte hinnehmen muss. Die BHP-Aktie befindet sich aufgrund der anhaltenden Rohstoff-Baisse seit Wochen im freien Fall..

BHP Billiton (BHP) Stock Plunging on $7.2 Billion U.S. Shale Writedown

ByKaya YurieffFollow| 01/15/16 - 10:36 AM EST

NEW YORK (TheStreet) -- Shares of BHP Billiton (BHP) are diving by 7.93% to $19.96 on Friday morning, as the company announced a $7.2 billion write-down on its U.S. shale assets as a result of volatility and declining prices in the oil and gas industry.

The Australia-based global miner is engaged in the exploration, development, production, processing and marketing of various minerals and conventional and unconventional oil and gas.

The large asset impairment is the third from BHP, which moved into U.S. shale in 2011 when it spent $20.6 billion, including assumed debt, on two acquisitions when oil and gas prices were significantly higher than today, Reuters reported..

Dienstag, 12. Januar 2016

Kredit-Ratings, USA: Energie- und Minenkonzerne vor nächster Abstufungswelle - Insolvenzrisiken nehmen zu

Hierzu ein sehr informativer Beitrag inkl. klasse Übersicht von Zerohedge:

After Noble, Here Are The Next 18 US Energy Companies To Be Junked

Tyler Durden's picture




Following Noble Group's downgrade to junk and "Enron moment," we thought it worth considering who is next to be junked?
Judging by the market's expectations, there are now 110 credits that are rated "investment grade" but trade like junk, and as Markit's Neil Mehta notes, this is up from just 21 in November..

















































































There are 18 US Energy names (and 23 globally) that are currently traded at CDS levels implying junk status, with Diamond Offshore, Nabors, and Encana top of the list.
And finally, away from the energy complex, we note that Freeport McMoran is at the top of the list of likely junk downgrades and today's carnage has extended Carl Icahn's losses.

... as it seems FCX stockholders are getting the joke...
Freeport-McMoRan Inc
(1739bps; Av BBB; Imp CCC)
The US copper and gold producer has seen its 5-yr CDS spread trading at implied junk levels for the last six months. Troubles have intensified over the past month and credit spreads now imply a 79% chance of default within the next five years. Moody’s placed the $6bn company on review for a possible downgrade just last week.

Goldrausch in China hält in 2015 an: Physische Auslieferungen in Shanghai markieren ein neues Rekordlevel

Nicht nur an der Goldbörse in Hongkong wurden signifikante Gold-Auslieferungen im vergangenen Jahr verzeichnet. Der mit Abstand einflussreichste Handelsplatz war in 2015 erneut in Shanghai vorzufinden.

Die physischen Gold-Auslieferungen an der Shanghai Gold Exchange (SGE) betrugen im letzten Jahr kaum vorstellbare 2.597 Tonnen (!) - ein neuer Allzeit-Rekord!

Quelle: smaulgld.com

Rohstoff-Währungen bleiben unter Druck: Kanadischer Dollar fällt zum US-Dollar auf neues 13-Jahrestief

Vor allem der abstürzende Ölpreis lässt den Loonie weiter einbrechen..

Quelle: zerohedge.com

Industriemetalle unter Druck: Nickel fällt auf den tiefsten Stand seit 2003

Die Krise in China schlägt weiter hohe Wellen und zieht u.a. die Industriemetalle weiter nach unten. Damit setzt sich die historische Baisse fort. Nickel fällt heute sogar auf ein neues 13-Jahrestief..

Quelle: bloomberg.com

Angebotsschwemme hält an: Öl-Förderung der OPEC-Staaten erreicht neuen Rekordstand

Die Spannung(en) im Ölmarkt steigt weiter an. Mehr und mehr OPEC-Mitglieder kommen im Hinblick auf den brutalen Kampf im Energiesektor und den dramatischen Ölpreis-Absturz in Bedrängnis.

Wer hält noch wie lange durch?

Werfen Sie an dieser Stelle einen Blick auf die längerfristige Entwicklung der Ölproduktion von der OPEC, die gerade erst einen neuen Rekord knackte:

Quelle: bloomberg.com

Konsolidierung im Junior-Miningsektor schreitet voran: Oban Mining übernimmt NioGold Mining

Wie so oft in der Historie gilt der Januar als beliebter Monat für Übernahmen und M&A-Transaktionen im Junior-Mining und Goldminensektor. So startet auch das frische Jahr 2016 gleich mit einer Akquisition eines kleineren Projektentwicklers in Kanada.

Die Übernahme von NioGold Mining (V.NOX) durch Oban Mining (T.OBM) ist dabei eine logische Konsolidierung im "Osisko-Haus", da beide Firmen von den denselben Fädenziehern kontrolliert werden..

OBAN MINING TO ACQUIRE NIOGOLD MINING

Announces $10 Million Subscription Receipt Offering


Toronto, Ontario (January 11, 2016) – Oban Mining Corporation (TSX:OBM) (“Oban“) and NioGold Mining Corporation (TSX-V: NOX) (“NioGold“) are pleased to announce that they have entered into a definitive arrangement agreement dated January 11, 2016 (the “Arrangement Agreement“) pursuant to which Oban has agreed to acquire all of the issued and outstanding common shares of NioGold (“NioGold Shares“). The acquisition by Oban of all of the issued and outstanding NioGold Shares is expected to be completed by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia) (the “Arrangement“).

Particulars of the Transaction

Under the terms of the Arrangement Agreement, holders of NioGold Shares (“NioGold Shareholders“) will be entitled to receive 0.4167 common shares of Oban (“Oban Shares“) in exchange for each NioGold Share held, representing an implied offer price of $0.50 per NioGold Share and a premium of approximately 51.5% based on the closing price of Oban Shares on the Toronto Stock Exchange ($1.20) and NioGold Shares on the TSX Venture Exchange ($0.33) on January 8, 2016 (being the last trading day prior to the announcement of the Arrangement).

The Arrangement will require the approval of at least 66⅔ percent of the votes cast by NioGold Shareholders at a special meeting expected to take place in March 2016 (the “NioGold Meeting“). NioGold Shareholders representing approximately 38.8% of the issued and outstanding NioGold Shares have entered into voting and support agreements with Oban in support of the Arrangement. The board of directors of NioGold, on the recommendation of its independent special committee (the “NioGold Special Committee“), has unanimously approved the Arrangement and will recommend that NioGold Shareholders vote in favour of the Arrangement..

Gold: Chinesische Goldnachfrage am Handelsplatz Hongkong in 2015

Die Chinesen haben an der Goldbörse in Hongkong im vergangenen Jahr bedeutende 945 Tonnen physisches Gold nachgefragt. Der Blick auf den eindrucksvollen Jahreschart:

Quelle: goldchartsrus.com

Montag, 11. Januar 2016

Rubicon Minerals schockiert den Markt erneut: Gold-Ressourcen fallen um 90% - Dramatischer Absturz gipfelt in Ressourcen-Malheur

Neue Horror-Nachrichten bei Rubicon Minerals (TSX:RMX), bei denen wohl bald das Licht ausgehen wird. Das neue Ressourcen-Update wurde verkündet und die Gold-Ressourcen fallen um bis zu 91%, weil sich die Kontinuität im einstigen "Weltklasse high-grade System" als wesentlich schwächer erwiesen hat. Was für eine Farce und die ganze Geschichte erinnert an Colossus Minerals..

Rubicon Updates Mineral Resource Statement for the Phoenix Gold Project And Evaluates Strategic Alternatives



TORONTO, ONTARIO--(Marketwired - Jan. 11, 2016) - Rubicon Minerals Corporation (TSX:RMX)(NYSE MKT:RBY) ("Rubicon" or the "Company") provides a revised geological model and updated mineral resource statement1 for the F2 Gold Deposit at the Phoenix Gold Project (the "Project"). A technical report documenting the new mineral resource statement will be filed on SEDAR within 45 days in accordance with the requirements of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). In addition, the Rubicon Board of Directors (the "Board") has retained BMO Capital Markets and TD Securities as financial advisors to assist the Board in evaluating strategic alternatives available to the Company, including merger and divestiture opportunities either at the corporate or asset level, obtaining new financing, and capital restructurings to maximize shareholder value. There can be no assurances that any transaction will result from these matters and the Company will make updates when circumstances warrant.
News Release Summary:
  • The 2016 revised geological model ("2016 SRK Geological Model") and updated mineral resource statement ("2016 SRK Resource Estimate") (see Table 1 below) prepared by SRK Consulting (Canada) Inc. ("SRK") and reviewed by other independent consultants, considers information from of 94,600 metres ("m") of core drilling, from mineralized underground workings, and trial stoping that were not previously available;
Table 1: 2016 Mineral Resource Statement, Phoenix Gold ProjectOntario, SRKJanuary 6, 20162at 4.0 grams per tonne of gold ("g/t Au") cut-off grade
Resource CategoryQuantity
(000'tonnes)
Grade
(g/t Au)
Contained Gold
(000' ounces ("oz."))
Indicated4926.73106
Inferred1,5196.28307
Mineral resources are not mineral reserves and have not demonstrated economic viability. All figures are rounded to reflect the relative accuracy of the estimate. Samples have been capped where appropriate. Underground mineral resources reported at a cut-off grade of 4.0 g/t Au of gold per tonne assuming a gold price of US$1,125/oz. and a gold recovery of 92.5%.
  • The 2016 SRK Resource Estimate represents a significant decrease in tonnes and ounces compared to the 2013 mineral resource estimate3 ("2013 SRK Resource Estimate")(see Table 2 below);
Table 2: Comparison between 2013 and 2016 Quantities and Grades Reported at 4.0 g/t Au 4
ClassificationQuantity (000't)Grade (g/t Au)Contained Gold (000'oz)
20132016Change20132016Change20132016Change
Indicated4,120492-88%8.526.73-21%1,129106-91%
Inferred7,4521,519-80%9.266.28-32%2,219307-86%
  • The 2016 SRK Geological Model demonstrates that the F2 Gold Deposit is more geologically complex and the high-grade gold mineralization is less continuous than previously understood;
  • The new drilling and recent trial stoping information has significantly changed the understanding of the variable spatial distribution of the gold mineralization. East-west (mine grid) trending cross-cutting shear structures ("D2 structures") have been interpreted as the main control on the distribution of later stage higher-grade gold mineralization. This is the key factor contributing to the limited continuity of the gold mineralization compared to previous understanding;
  • The decrease in reported mineral resources are mainly the result of the new drilling information, changes in modelling approach and restrictions to the depth of the interpreted extent of the gold mineralization;
  • Rubicon has suspended activities related to the Phoenix Project Implementation Plan ("PPIP")
  • A technical report will be filed within 45 days of this news release to support the technical disclosure herein;
  • Rubicon remains engaged in ongoing discussions with its lenders;
  • In 2015, the Company produced 4,906 ounces of gold from 57,793 tonnes of mineralized material; and
  • Estimated cash and cash equivalents as of December 31, 2015 was approximately C$22.4 million(excluding C$4.5 million in restricted cash).
"The revised geological model prepared by SRK indicates that the gold mineralization in the upper-levels of the F2 Gold Deposit is less continuous compared to the geological model for the 2013 mineral resource estimate," stated Michael Winship, interim President and Chief Executive Officer of Rubicon. "The revised model has significantly decreased the tonnes, grade and ounces in the F2 Gold Deposit. The revised model suggests that more exploration is required at depth and along strike in order to develop an economic mining operation at thePhoenix Gold Project. The Board has retained financial advisors to evaluate strategic alternatives with the goal to maximize shareholder value."
2016 SRK Geological Model
Rubicon conducted trial stoping throughout 2015, allowing the Company to develop the F2 Gold Deposit and process mineralized material. As reported in the Company's November 3, 2015 news release, Rubicon suspended underground activities to enable SRK, the Company, and its other independent consultants to conduct further analysis on a revised geological model. The geology was more complex than previous understandings, as revealed though trial stoping.
The 2016 SRK Geological Model benefits from information that was not previously available, including approximately 94,600 m of infill core drilling within a concentrated shallow area of the deposit, and a considerable amount of underground development and limited trial stoping, which exposed the gold mineralization. The new geological information has highlighted the complexity of controls on the distribution of the gold mineralization, its grade, and its continuity. In particular, the distribution of the higher-grade mineralization is controlled by the intersection between the east-west trending D2 structures and the north-trending high-titanium basalt unit. The new data shows that the high-grade gold mineralization is less continuous than indicated in the 2013 SRK Resource Estimate, which was based upon less widely-spaced drilling data that was drilled sub-parallel to the D2 structures. See Figure 2 at the end of this news release for a conceptual diagram of the revised geological understanding of the high-grade mineralization compared to 2013.
The 2016 SRK Geological Model is more restrictive, reducing the volume of gold mineralization. Therefore, this resulted in a significant decrease in tonnes, grade, and ounces in the upper-levels of the deposit. SRK's geological modelling approach limited the depth and strike extensions of the modelled gold mineralization, further reducing the mineral resources. The Company believes additional exploration (drilling, development, sampling, trial stoping, etc.) is required to better understand the geology of the F2 Gold Deposit.
2016 SRK Resource Estimate
The 2016 SRK Resource Estimate5 is based on a total of 450,175 m of core drilling in 1,381 drill holes carried out from February 2008 to November 2015. The mineral resource model covers a strike length of approximately 1,200 m and depths of 1,350 m and remains open along strike and at depth. At the reporting cut-off grade of 4.0 g/t Au, the indicated mineral resource is 0.492 million tonnes, grading 6.73 g/t Au, and contains 0.106 million ounces of gold and the inferred mineral resource is 1.519 million tonnes, grading 6.28 g/t Au, and contains 0.307 million ounces of gold.
The mineral resources were evaluated using a geostatistical block modelling approach constrained by gold mineralization domains interpreted from the drilling information. Block gold grade was interpolated using ordinary kriging. The block model was classified in accordance with CIM Definition Standards for Mineral Resources and Mineral Reserves (May 2014). The mineral resources are sensitive to the selection of reporting assumptions. The sensitivity of the global quantities and grade estimates to the selection of cut-off grade is summarized as grade tonnage data in Table 5 and classified mineral resources reported by underground level are tabulated in Table 6, at the end of this news release.

Quellehttp://www.rubiconminerals.com/News/News/Details/2016/Rubicon-Updates-Mineral-Resource-Statement-for-the-Phoenix-Gold-Project-And-Evaluates-Strategic-Alternatives/default.aspx

Sonntag, 10. Januar 2016

Visualisierung der wertvollsten Substanzen der Welt nach Gewicht

Informativer Beitrag von ValueWalk.



Wochenendlektüre: Sean Penn interviewt mexikanischen Drogenboss El Chapo

Krasse Story!

Hier geht es zum spannenden Interview. Credit to RollingStone.


Amerikanische Energiebranche: Fracking-Unternehmen vor Schicksalsjahr

Ein immer größerer Teil der stark verschuldetenamerikanischen Frackingbranche steht am Abgrund. In 2016 werden die meisten Absicherungen (Hedges) auslaufen und dann wird es bei den aktuellen Energiepreisen extrem schwierig die hohen Schuldendienste zu erfüllen. Reuters widmet sich dem Thema in einem aktuellen Artikel:
"You've got oil that is down meaningfully in 2016, volumes are down, natural gas prices are low because of weather and there is very little in the way of hedging. Then you've got a lot of these companies that were very aggressively financed with debt," said Mark Hanson, oil analyst with Morningstar in Chicago. "It can get pretty ugly."


2016 brings more pain to U.S. shale companies as crude sinks

Pain is quickly growing more acute in the new year at beleaguered U.S. shale companies as a global supply glut sinks crude further to 11-year lows, putting added financial stress on the most heavily indebted..

Gold vs. Equities: Ratios vor Bodenbildung?

Es mehren sich in den letzten Wochen die Anzeichen, dass Gold im Vergleich zu Standard-Aktien ("Gold to Equities Ratio") einen nachhaltigen Boden ausbildet. Jordan von TheDailyGold hat hierzu ein paar informative Charts erstellt - hier geht es zu seinem aktuellen Update:

Quelle: thedailygold.com


Projektentwickler Rye Patch Gold: Interview mit CEO Bill Howald

Caesars Report führte vor kurzer Zeit ein lesenswertes Interview mit Rye Patch Gold's (V.RPM) CEO und Gründer Bill Howald durch.
2016 seems to be shaping up to be a very important year for Rye Patch Gold (RPM.V) as the company will be zeroing in on releasing additional metallurgical test work which will be used in an updated PEA which we expect to be superior to the previously released PEA. We sat down with CEO Bill Howald for a Q&A session after a busy 2015 wherein Rye Patch has ticked a lot of boxes.
Linkhttps://www.caesarsreport.com/blog/interview-william-howald-rye-patch-gold-ceo/


Quote:

Developer Rye Patch Gold: Projektbesichtigung in Nevada – Exklusive Einblicke vor Ort

Auf meinem letzten USA-Trip hatte ich die Möglichkeit die aussichtsreichen Liegenschaften von Junior-Developer Rye Patch Gold (V.RPM) in Nevada zu besuchen..

Linkhttp://rohstoffaktien.blogspot.de/2015/12/developer-rye-patch-gold.html


Quelle: Own Data (c) JRB



Quote #2:

Rye Patch Gold: Exklusives Interview mit dem Präsidenten, CEO und Co-Founder Bill Howald im Rahmen der Europa-Roadshow

Ende März traf ich Rye Patch Gold's (TSX-V:RPM) CEO, Präsident und Co-Founder Bill Howald und konnte ihn für ein interessantes Interview gewinnen. Folgend einige Einblicke..

Linkhttp://rohstoffaktien.blogspot.de/2015/04/rye-patch-gold-exklusives-interview-mit.html



Quote #3:

Silber-Produzent Coeur Mining: Projektbesichtigung in Nevada – Exklusive Einblicke vor Ort

Vor ein paar Wochen hatte ich auf meiner USA-Reise die klasse Möglichkeit an einer einblickreichen Minen- und Projekt-Besichtigung bei Silber-Produzent Coeur Mining (NYE:CDE) teilzunehmen..

Samarco, Brasilien: Dammbruch-Unglück kleiner als prognostiziert

Nach einer ganzen Reihe von Horror-News geben die verantwortlichen Minenkonzerne BHP und Vale endlich positive Nachrichten bekannt. Hierzu ein aktueller Bericht von Mining.com:

Brazil tailings dam spill much smaller than original estimates

Frik Els | January 8, 2016

According to the latest satellite assessment by Samarco of a tailings dam burst at its Brazilian iron ore mine that devastated the country's second largest river system, the Rio Doce, the tailing waste spill was much smaller than previously determined.

BHP Billiton, which jointly owns Samarco with Vale, said in its 60-day update since the November 5 incident, the volume of tailings material released when two dams were breached was about 32m cubic metres. Initial estimates were put as high as 60m cubic metres.

Samarco also found that approximately 85% of the released tailings were retained within 85 kilometres of the Fundão dam. Samarco is undertaking several activities to stabilize the released tailings and to prevent more material from entering the river system, including constructing dikes to contain tailings and revegetation along the Gualaxo and Doce rivers.

Work to repair and reinforce the Selinha dike above the Fundão dam in the Germano complex is complete according to the statement while the company is continuing to reinforce the Santarém water dam which overflowed, but which retained some of the tailings from Fundão.

The Brazilian government announced a $5 billion civil damages lawsuit last year, but warned that "the figure is preliminary and could be raised over the judicial process, since the environmental damages of the mud’s arrival at the ocean have not yet been calculated."

The disaster in Brazil’s Minas Gerais state that killed at least 17 people and left hundreds homeless, caused sludge to wash downstream into neighbouring state Espírito Santo through remote mountain valleys reaching the Atlantic ocean 600 kilometres away..